60.1K

Verified Solution

Link Copied!

August 31, 2018 Account Debit Credit Cash $ 16,000 Accounts receivable 5,000 900 23,000 Supplies Equipment Accumulated depreciation, equipment Accounts payable Salaries payable $ 5,400 2,100 1,500 Unearned service revenue 1,800 Common stock 9,600 12,900 Retained earnings Dividends 500 Service revenue 21,200 Salaries expense 5,000 Rent expense 1,900 Depreciation expense, equipment 1,000 1,200 Supplies expense $ $ 54,500 $ 54,500 Total Next Question Catering The adjusted trial balance for Sweet Tooth Catering, Inc. is presented below. Prepare the income sturtement and statement of retained earning at August 31, 2018. Click the icon to view the adjusted trial balance. Prepare the income statement. Of a box is not used in the statement, leave the box omply do not select a label or enter a zero) Sweet Tooth Catering, Inc. Income Statement For the Month Ended August 31, 2018 Revenue Expenses Total expenses Net Income (loss) Now, prepare the statement of retained earnings Sweet Tooth Catering, Inc. Statement of Retained Earnings For the Month Ended August 31, 2018 Add: C. Next The adjusted trial balance for Sweet Tooth Catering, Inc., is presented below. Prepare the income statement and statement of retained earning at August 31, 2018 Click the icon to view the adjusted trial balance.) For the Month Ended August 31, 2018 Add: Subtotal Less: Prepare the balance sheet. (For the asset portion of the statement, select the fixed asset account(s) last.) Sweet Tooth Catering, Inc. Balance Sheet August 31, 2018 Assets Liabilities Total liabilities Less: Stockholders' Equity Total stockholders equity Total assets Total fiabdities and stockholders' equity

Answer & Explanation Solved by verified expert

See Answer